Author Archives: cyprusmail

International News November 28, 2014

As prices keep falling, Greeks finally start to spend

By Angeliki Koutantou

At Greek home appliance retail chain Electroniki, a washing machine cost 497 euros six years ago. Today, it sells for 356 euros.

Like most Greek companies, Electroniki has slashed prices to hold on to consumers hit by recession. “Small appliances, big discounts” read flyers it recently stuffed under doors.

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Business November 27, 2014

France, Italy, Belgium may break budget rules, EU to revisit in March

By Robin Emmott

The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March.

At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme.

Draft documents seen by Reuters show the three countries are part of a group also comprising Spain, Portugal, Austria, and Malta at risk of busting budget limits.

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Local News November 27, 2014

Education Minister meets Cypriot EU Commissioner Stylianides

Education and Culture Minister Costas Kadis met on Thursday in Brussels with the EU Commissioner for Humanitarian Aid and Civil Protection, Cypriot Christos Stylianides.

The Minister is in Brussels to attend the EU Education, Youth, Culture and Sport Council.

A press release, issued today by the Education Ministry, says that Kadis briefed the Commissioner on the Ministry`s objectives, pointing out that the aim is to provide the students with all the necessary knowledge and education for their future.

The Commissioner…

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Local News November 27, 2014

Espen Barth Eide: Talks will resume sooner or later

The UN Secretary General`s Special Adviser on Cyprus Espen Barth Eide remains a `realistic optimist` and believes that negotiations for a solution of the Cyprus problem will restart sooner or later, noting that when that happens, the moment of truth will have to be faced.

Speaking after meetings with political party leaders in Nicosia, Eide said `what I am doing now is trying to understand better the whole political landscape`.

`I have deep interest in and deep respect for the…

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International News November 27, 2014

Greece paralysed by major strike, flights cancelled

By Angeliki Koutantou and Deepa Babington

Greek labour unions staged a 24-hour strike on Thursday that cancelled hundreds of flights, shut public offices and severely disrupted local transport, in the first major industrial action to cripple the austerity-weary country in months.

Private sector union GSEE and its public sector counterpart ADEDY called the walkout to protest against planned layoffs and pension reform demanded by European Union and International Monetary Fund lenders who have bailed out Greece twice.

All Greek domestic…

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International News November 27, 2014

Taliban kill 5 in Kabul in attacks on British embassy car, foreign compound (Update 4)

By Jessica Donati and Hamid Shalizi

The Taliban bombed a British embassy vehicle in the Afghan capital Kabul on Thursday morning, killing five people, and attacked a foreign compound in the city centre in the evening, officials and witnesses said.

The suicide attack on the British embassy car in the east of the Afghan capital killed two embassy workers including one Briton and wounded more than 30 others in the vicinity of the explosion, officials said.

The second blast, targeting…

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Local News November 27, 2014

Internet users show significant rise

Internet access for households in Cyprus continued to rise in 2014 reaching 68.6% compared to 64.7% in 2013, a survey issued by the Statistical Service reports.

According to the survey, the individuals that used the internet rose from 65,5% in 2013 to 69,3% in 2014.

A computer is found in 95,5% of households with dependent children, while in households where there are no dependent children the percentage is only 63,2%. The percentage of households with access to a tablet computer…

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Local News November 27, 2014

Lebanon hopes oil and gas will help boost peace and stability

THE discovery of hydrocarbon reserves in the eastern Mediterranean can and should work as a tool for peace, stability, and cooperation in the region, Cyprus and Lebanon said yesterday.

During a meeting between Foreign Minister Ioannis Kasoulides and his Lebanese counterpart Gebran Bassil, it was agreed to strengthen their relations in the energy sector as well as in areas such as search and rescue, liberalisation of flights, tourism and defence.

Speaking after the meeting, Bassil said they agreed that the…

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Business International News November 26, 2014

Online protest delays EU plan to resolve U.S. trade row

By Robin Emmott and Philip Blenkinsop

European campaigners against an EU-U.S. accord have held up progress towards the world’s biggest free trade deal by deluging an online public consultation that EU officials had hoped would help them unblock a key issue.

Of almost 150,000 submissions to the public forum on how to protect businesses from unfair government interference, over 95 percent were from supporters of a small group of organisations hostile to a deal with Washington and who submitted identical…

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International News November 26, 2014

National Guard, police curb Ferguson unrest as protests swell across US (Update 2)

By Ellen Wulfhorst, Daniel Wallis and Edward McAllister

Some 2,000 National Guard troops helped ward off a second night of rampant arson and looting in suburban St. Louis after a grand jury declined to indict a white policeman in the fatal shooting of an unarmed black teenager, and sympathy protests spread to several US cities.

President Barack Obama appealed for dialogue, and his attorney general promised that a federal probe into the Aug. 9 slaying of 18-year-old Michael Brown in…

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